Neumeier Poma Investment Counsel LLC Takes $42.35 Billion Position in InterDigital, Inc. $IDCC

Neumeier Poma Investment Counsel LLC bought a new position in shares of InterDigital, Inc. (NASDAQ:IDCC) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 149,579 shares of the Wireless communications provider’s stock, valued at approximately $42,350,302,000. InterDigital accounts for about 2.9% of Neumeier Poma Investment Counsel LLC’s holdings, making the stock its 18th biggest holding.

Several other hedge funds and other institutional investors have also modified their holdings of IDCC. Keating Financial Advisory Services Inc. purchased a new position in InterDigital during the 2nd quarter valued at about $25,000. Kemnay Advisory Services Inc. purchased a new position in InterDigital in the 4th quarter valued at approximately $26,000. Anchor Investment Management LLC acquired a new position in shares of InterDigital in the first quarter worth $30,000. Leonteq Securities AG purchased a new stake in shares of InterDigital during the fourth quarter worth $35,000. Finally, Hantz Financial Services Inc. increased its position in shares of InterDigital by 219.0% during the fourth quarter. Hantz Financial Services Inc. now owns 134 shares of the Wireless communications provider’s stock worth $43,000 after acquiring an additional 92 shares during the period. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CTO Rajesh Pankaj sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $324.88, for a total transaction of $487,320.00. Following the sale, the chief technology officer owned 66,516 shares of the company’s stock, valued at approximately $21,609,718.08. This trade represents a 2.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John A. Kritzmacher sold 365 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $276.64, for a total value of $100,973.60. Following the sale, the director owned 16,359 shares of the company’s stock, valued at approximately $4,525,553.76. The trade was a 2.18% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 7,672 shares of company stock worth $2,240,797. 3.50% of the stock is currently owned by company insiders.

InterDigital Price Performance

InterDigital stock opened at $342.42 on Monday. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.01. The company has a fifty day simple moving average of $294.01 and a 200-day simple moving average of $312.53. The stock has a market cap of $8.84 billion, a P/E ratio of 39.49 and a beta of 1.43. InterDigital, Inc. has a 12-month low of $249.14 and a 12-month high of $412.60.

InterDigital (NASDAQ:IDCC) last posted its earnings results on Thursday, July 30th. The Wireless communications provider reported $4.62 EPS for the quarter, beating the consensus estimate of $0.90 by $3.72. InterDigital had a return on equity of 28.17% and a net margin of 38.32%.The firm had revenue of $260.17 million for the quarter, compared to analyst estimates of $143.10 million. During the same quarter in the prior year, the company posted $6.52 earnings per share. InterDigital’s revenue for the quarter was down 13.4% compared to the same quarter last year. InterDigital has set its FY 2026 guidance at 10.850-12.810 EPS and its Q3 2026 guidance at 1.940-2.130 EPS. Equities analysts expect that InterDigital, Inc. will post 7.41 EPS for the current fiscal year.

InterDigital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 8th were issued a $0.70 dividend. The ex-dividend date was Wednesday, July 8th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.8%. InterDigital’s dividend payout ratio is presently 32.30%.

Wall Street Analysts Forecast Growth

IDCC has been the topic of several analyst reports. Weiss Ratings cut InterDigital from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Zacks Research raised InterDigital from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $416.67.

About InterDigital

InterDigital, Inc is a mobile and video technology research and development company that designs and licenses wireless communications and video compression innovations. Its patent portfolio encompasses key standards across 3G, 4G LTE and 5G wireless networks, as well as video and multimedia technologies. By focusing on fundamental technology creation rather than device manufacturing, InterDigital delivers core intellectual property to smartphone manufacturers, chipset vendors and telecommunications operators worldwide.

The company’s principal services include patent licensing, technology evaluation and consulting.